IMF World Economic Outlook

ID

507155

DESCRIPTION
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 16 April 2017
2. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"Well the broad-based expansion we saw that began in the middle of 2016 continues. After 3.8 percent global growth last year, we're expecting 3.9 percent this year and next year. Of course, in the longer term, particularly for advanced economies and commodity exporters growth rates will not return to pre-Crisis levels."
3. Midshot Obstfeld
4. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"The most obvious risk is trade. There is a broad-based conflict involving big economies and many other economies, and if that is not resolved well it could undermine investment and the growth of trade which has been a wellspring for this recovery. We also see that debt levels are historically high, including sovereign debt and those could pose a vulnerability as monetary policies normalize and interest rates rise."
5. Midshot Obstfeld
6. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"A very important message, particularly now, is not to let tensions over trade distract policy makers from the long-run challenges of making growth stronger, more resilient and more inclusive."
7. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"We don't know when the next downturn will come, but we can be sure that it will come. We have to be ready. We need to monitor financial instability risks because those could be the trigger for that downturn. We need to rebuild fiscal buffers so governments have the tools to support aggregate demand. We need to normalize monetary policy in a data-dependent fashion so that it too can be brought in to play."


Washington, DC – Recent
8. B-ROLL: Exterior IMF
SHOTLIST
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 16 April 2017
2. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"Well the broad-based expansion we saw that began in the middle of 2016 continues. After 3.8 percent global growth last year, we're expecting 3.9 percent this year and next year. Of course, in the longer term, particularly for advanced economies and commodity exporters growth rates will not return to pre-Crisis levels."
3. Midshot Obstfeld
4. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"The most obvious risk is trade. There is a broad-based conflict involving big economies and many other economies, and if that is not resolved well it could undermine investment and the growth of trade which has been a wellspring for this recovery. We also see that debt levels are historically high, including sovereign debt and those could pose a vulnerability as monetary policies normalize and interest rates rise."
5. Midshot Obstfeld
6. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"A very important message, particularly now, is not to let tensions over trade distract policy makers from the long-run challenges of making growth stronger, more resilient and more inclusive."
7. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director:
"We don't know when the next downturn will come, but we can be sure that it will come. We have to be ready. We need to monitor financial instability risks because those could be the trigger for that downturn. We need to rebuild fiscal buffers so governments have the tools to support aggregate demand. We need to normalize monetary policy in a data-dependent fashion so that it too can be brought in to play."


Washington, DC – Recent
8. B-ROLL: Exterior IMF
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